Mather Group LLC reduced its stake in International Business Machines Co. by 5.8% in the first quarter, holding 4,718 shares valued at $901,000. Other major investors, including Vanguard Group and Morgan Stanley, also adjusted their positions in the company. IBM’s stock increased by 2.0% and opened at $173.97 on Friday. The company reported earnings of $1.68 per share for the quarter, beating estimates. They also increased their quarterly dividend to $1.67 per share. Wall Street analysts have given IBM mixed ratings, with an average price target of $181.29. IBM provides integrated solutions and services globally and operates in software, consulting, infrastructure, and financing segments.
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https://www.defenseworld.net/2024/06/21/mather-group-llc-sells-290-shares-of-international-business-machines-co-nyseibm.html
